Share Market Highlights, Aug 26: Sensex adds 612 points, Nifty holds 25,000; IT, Metal shares shine
Stock Market Highlights on Monday, August 26: Monday ended in favour of the bulls as 33 out of 50 listed stocks on Nifty50 ended higher with gains led by Hindalco, HCL Tech, NTPC, and ONGC
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Stock Market Highlights on Monday, August 26: Indian benchmarks - BSE Sensex and NSE Nifty - ended the week's first trading session on a higher note. Sensex added as much as 612 points or 0.75 per cent to settle at 81,698.11 on Monday. Mirroring Sensex, Nifty50 too ended 187.46 points or 0.76 per cent higher at 25,010.60.
Monday ended in favour of the bulls, as 33 out of 50 listed stocks on Nifty50 ended higher with gains led by HCL Tech, Hindalco, NTPC, ONGC, and Bajaj Finserv of up to 4.24 per cent.
Similarly, among the 30 constituents of Sensex, 21 stocks ended higher with gains led by HCL Tech, NTPC, and Bajaj Finserv of up to 4 per cent.
The broader indices too ended higher on Monday with gains led by the Nifty Midcap 100 of 0.64 per cent. Among the sectors, IT, Metal, Realty, and OMCs led the gains of up to 2.16 per cent.
Paytm shares fall: Noteably, shares of One 97 Communications (Paytm) plunged 8.88 per cent to Rs 505.25 apiece, before settling at Rs 530.95, down 4.25 per cent on the BSE on Monday. This followed reports that the company's founder, Vijay Shekhar Sharma, had been served a show cause notice by the market regulator, Securities and Exchange Board of India (Sebi).
Paytm shares fall: Noteably, shares of One 97 Communications (Paytm) plunged 8.88 per cent to Rs 505.25 apiece, before settling at Rs 530.95, down 4.25 per cent on the BSE on Monday. This followed reports that the company's founder, Vijay Shekhar Sharma, had been served a show cause notice by the market regulator, Securities and Exchange Board of India (Sebi).
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Stock Market Expert View ::'Large-caps outperformed today amid healthy earnings, relatively fair valuation'
US Fed has signalled a rate cut in September, which is reflected in the decling US treasury yields and dollar index, which has led to a rally in global markets despite there being no indication of size of cuts.
Indian markets hit a new high led by change in FIIs stance to positive from negative along with continued strong DIIs inflows.
Although the overall trend was positive, large-caps outperformed on account of healthy earnings and relatively fair valuation compared to broader markets.
IT, Realty, FMCG and Consumption gained on account of improved outlook.
Views by: Vinod Nair, Head of Research, Geojit Financial Services
Indian markets hit a new high led by change in FIIs stance to positive from negative along with continued strong DIIs inflows.
Although the overall trend was positive, large-caps outperformed on account of healthy earnings and relatively fair valuation compared to broader markets.
IT, Realty, FMCG and Consumption gained on account of improved outlook.
Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:48 PM![]()
Stock Market Expert View :: 'Nifty to face resistance at 25,080'
The Nifty remained strong throughout the day. On the daily chart, a visible green candle has formed after two consecutive negligible red candles, suggesting improving sentiment.
However, resistance is evident at 25,080, and a decisive move is needed to witness a rise toward 25,300.
On the other hand, failure to move above 25,080 might trigger selling in the market, potentially bringing the index back toward 24,800.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
However, resistance is evident at 25,080, and a decisive move is needed to witness a rise toward 25,300.
On the other hand, failure to move above 25,080 might trigger selling in the market, potentially bringing the index back toward 24,800.
Views by: Rupak De, Senior Technical Analyst, LKP Securities
3:44 PM
Rupee Closing Today :: Rupee ends flat vs US dollar on Monday
3:42 PM
Stock Market Closing Bell LIVE Updates :: MidCap index adds 0.66%
BSE SmallCap index underperformed both -- benchmarks and MidCap index -- as it rose only 0.2%
3:40 PM
Stock Market Closing Bell LIVE Updates :: Only Media, PSU Bank indices slip today
The Nifty Metal index rallied over 2%, followed by the Nifty Realty (1.7%), and the Nifty IT index (1.4 per cent).
3:37 PM
Sensex Heatmap at Closing Bell LIVE Updates :: Only 9 stocks settle lower
21 of the 30 BSE Sensex stocks ended higher today, while 9 ended in the red.
HCL Tech, NTPC, Bajaj Finserv, Tech M, JSW Steel, Titan, and M&M were the top gainers, while Kotak Bank, IndusInd Bank, Maruti Suzuki, HUL, and Sun Pharma were the top losers on the Sensex today
HCL Tech, NTPC, Bajaj Finserv, Tech M, JSW Steel, Titan, and M&M were the top gainers, while Kotak Bank, IndusInd Bank, Maruti Suzuki, HUL, and Sun Pharma were the top losers on the Sensex today
3:34 PM
Stock Market Closing Bell LIVE Updates ::Nifty reclaims 25.000
Nifty50 index closed at 25,011 on Monday, August 26, amid positive comments from US Fed Chair Jerome Powell.
3:33 PM
Stock Market Closing Bell LIVE Updates :: Sensex ends over 600 pts higher
BSE Sensex index closed 612 points, or 0.75 per cent higher, today, August 26, at 81,698 levels after US FEd chair Jerome Powell siganlled at the beginning of the rate cut cycle in the US September 2024 onwards
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Stock Market LIVE Updates :: Indian rupee likely to miss Fed pivot-fueled emerging market rally
The move was in line with the rupee's recent underperformance as the currency has failed to gain from the dollar's broad slump. READ MORE
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Stock Market LIVE Updates :: Stove Kraft at all-time high after announcing dividend record date
Stock Market LIVE updates: The company, in an exchange filing, said, "The Company has fixed Friday, 13 September 2024 as the ‘Record Date’ for the purpose of determining the members entitled to attend the AGM and receive dividend of Rs. 2.50 per Equity Share of Rs. 10 each (i.e. 25%) for FY2023-24." READ MORE
2:55 PM
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Stock Market LIVE Updates: Paytm shares sink 9% on reports of Sebi's show cause notice to Vijay Sharma
Stock Market LIVE Updates: Shares of One 97 Communications plunged 8.88 per cent at Rs 505.25 per share on the BSE after reports emerged that the company’s Founder, Vijay Shekhar Sharma has been served show cause notice by the top market regulator. READ MORE
2:49 PM
Stock Market LIVE Updates: Stock split: This SME share turns ex-date on Sept 2; up 47x over IPO price
Stock Market LIVE Updates: Bondada Engineering Company share price today was locked in the 5-per cent upper circuit at Rs 3,509, also its new high, on the BSE on Monday at 01:39 PM. Only buyers were seen on the counter with around 35,000 shares having changed hands and pending buy orders for 24,000 shares on the BSE, exchange data shows. READ MORE
2:45 PM
Stock Market LIVE Updates: Market check; Sensex trades over 650 points higher, Nifty at 25,022
The benchmark BSE Sensex was trading 0.83 per cent or 675.23 points higher at 81,761.44 levels, while the NSE Nifty 50 was trading 0.80 per cent or 200 points higher at 25,022.45 levels.
2:33 PM
Stock Market LIVE Updates: YES Securities initiates 'Sell' on Relaxo Footwear amid rich valuations
Stock Market LIVE Updates: Domestic brokerage YES Securities has initiated coverage on footwear brand Relaxo Footwear with a ‘Sell’ rating to the stock due to expensive valuations. The brokerage has set a target price of Rs 718 per share, implying a down side of 11.4 per cent from previous close of Rs 809.95 per share. READ MORE
2:13 PM
Stock Market LIVE Updates: ONGC shares climb 3%; Here's what is driving this Maharatna's stock?
Shares of the state-run Maharatna company, Oil and Natural Gas Corporation (ONGC), climbed 3 per cent to Rs 328.85 on the BSE during intraday deals on Monday. The northward move in the company's stock price came on the back of news that the Government of India and the company's board have approved the proposal for payment of balance call money on share warrants, resulting in the issue of additional shares by OPaL. READ MORE
Topics : MARKET WRAP MARKET LIVE MARKETS TODAY S&P BSE Sensex Nifty50 Gift Nifty BSE NSE equity IPO Calendar IPO GMP stock market trading
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First Published: Aug 26 2024 | 8:01 AM IST
